Be it a loan for a holiday abroad, your child’s education loan, a loan for home renovation, a loan for a marriage or wedding in the family, repayment of an existing loan, an emergency or even buying that precious gift for your loved one, with Tata Capital’s easy Personal Loans, you don't have to worry about financing your dreams and responsibilities.
How to Apply
Now for salaried customers, we bring to you an Instant Online Personal Loan experience. All you need to do is share your basic information like your Income details and Employment Details, and we will sanction your loan online.
Eligibility Criteria for Personal Loan
Any self-employed professional/individual between the age group 25-65 years can get a personal loan. A minimum income of Rs. 2,00,000 is required to avail a personal loan. We now offer personal loans till amounts as high as Rs. 15,00,000 with a loan tenure of up to 4 years. A salaried individual between the age group 21-58 can get a personal loan by showing a minimum income of Rs. 20,000 per month. The maximum personal loan amount for salaried individuals is also Rs. 15,00,000 but the loan tenure can extend up to 5 years.
Advantage of Taking Loan from Tata Capital
The main advantage of taking a personal loan from us is that you do not need to provide any collateral or security while taking the loan. The personal loan can be used for any personal use - repayment of an existing loan, a loan for home renovation, a loan for wedding in the family or your child’s education loan. Yes, Tata Capital does offer education loan to provide the much needed financial support to your deserving children for their higher education. With minimum paper work you can now get a personal loan to fulfill any dream/aspirations of yours or anyone special to you. Personal loans come in handy to immediately payoff huge outstanding amounts on your credit cards or other bills. Short term cash needs are best fulfilled by taking a personal loan. A personal loan can also be used to fulfill a business need as well. Also an education loan will also help in making your child financially responsible in his early working years.
How to Repay
You can repay your personal loan through an electronic clearance system by asking your banker to deduct the EMI from your nominated bank account. You can also use post-dated cheques favouring Tata Capital Financial Services Limited to repay your personal loan.
How to Pre Pay
You can prepay the entire loan outstanding anytime after 180 days of availing the same.
We also now offer part pre-payment facility without any additional charges.
• Part payment is only permissible after 6 months of loan disbursal without any fee
• Maximum of 25% part payment is permissible within a year of taking the loan at zero charges
• However for greater than 25% part payment, a 2% closure charge would be applicable on the extra amount
So take an instant and move closer to your dreams.
To know more, click here.
^Originated and serviced by Tata Capital Financial Services Limited.
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